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DFS and China Tourism Group Duty Free Announce Agreement for Sale and Purchase of DFS’ Greater China Retail Business

  • China Tourism Group Duty Free ("CTG Duty-Free") to acquire DFS' stores in Hong Kong and Macau and intangible assets in Greater China
  • CTG Duty-Free and LVMH to develop further collaborations
  • LVMH and the Miller Family to subscribe to CTG Duty-Free's H-shares
HONG KONG SAR - Media OutReach Newswire - 20 January 2026 - DFS, a global leader in luxury travel retail owned by LVMH and DFS' co-founder and shareholder Robert Miller, and CTG Duty-Free, a prominent travel retail operator headquartered in Beijing, today announced a definitive agreement for CTG Duty-Free to acquire DFS' travel retail business in Hong Kong and Macau and intangible assets in Greater China.

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